Stocks soar as miner buys Avalon Homestead

By Michael Sinclair-Jones

CHALICE Mining has bought Toodyay’s Avalon Homestead for an undisclosed sum as company stocks continue to rise with last month’s announcement of “significant new results” from increased mineral exploration in Julimar State Forest.

The 16-suite Julimar Road guesthouse in West Toodyay had been on the market for $1.78 million since February last year and includes two conference rooms.

Chalice bought the 2.3ha property for an undisclosed sum last month and says it will use the premises for staff accommodation.

Chalice also announced last month that it had appointed former senior Alcoa executive Soo Carney as its new General Manager of Environment and Community.

Dr Carney holds a Doctorate in Ecology and Evolutionary Biology and an Honours Degree in Natural Resources from the University of Adelaide and previously held senior health, safety and environment posts for BHP’s $20 billion outer harbour development in Port Hedland and at Woodside Energy’s $15 billion Pluto LNG Project at Karratha.

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